Bank Transaction System Linking Accounts Via Common Accounts

ABSTRACT

The present invention discloses a bank transaction system linking accounts via common accounts, wherein the existing accounts of the account holder and/or newly opened plural accounts link arbitrarily as defined by the account holder for convenient transactions between account holder&#39;s primary account and other&#39;s secondary accounts without using account numbers of the concerned accounts. To fulfill the purpose, the present invention enables the account holder to make transactions on a primary account as well on linked secondary accounts in real time; and the said primary and secondary accounts are also offered for independent transaction as ordinary bank accounts. In addition, the classification and management of the said primary and secondary accounts are attainable through the individual account number with specified account code given by the bank to achieve transactions between the said primary and secondary accounts while implementing the conventional banking system. Furthermore, transaction to the external transaction network including payment gateway can be processed without changing the existing data format, both of account holders&#39; and bank&#39;s convenience is maximized.

TECHNICAL FIELD

Most of bank customers today have plural number of accounts at more thanone bank. Therefore, as existing customers have to make transaction foreach bank they have account with, customers have to bear theinconvenience of having to remember account numbers and PIN for each,furthermore, on-line transaction service is still limited to depend uponeach bank's condition on working hour and services offered.

The plural accounts of a customer could be organized to be merged intoone account, nonetheless, this not only is practically meaningless inreality for the customer has to classify the accounts by expenditure butis also expected to increase inconvenience in management.

BACKGROUND ART

One existing prior art in transaction using bank account is thepublished patent application KR2001-0107852, which describes virtualaccounts to recharge debit card and electronic money, and performbanking function internally within the issuing company, which is anon-bank organization. This technique, however, has disadvantageswherein both of the account holder and bank having to remember allconcerned account numbers in order to do transaction via virtualaccount, furthermore, the plural virtual accounts are only for incomingtransactions, and the virtual accounts can not be accessedindependently.

Another prior art, KR2002-0097303 is on method and system to restrictand monitor the indiscreet use of cyber account (or debit card) in aninternet website by minors; it describes that from the client (master)applying for issuance of cyber account (or debit card) receives the bankaccount number to be transferred to and data including personalinformation (name and resident number) of the third clients (slaves) touse the account; with reference to the received data. When a request forverification on issuance of cyber account (or debit card) at the bankwhere fore-mentioned clearing account is issued, following decision onissuance, issue plural number of cyber accounts (or debit card) theclient (master) has applied and allow the clients (slaves) paid by theclient (master) to use within internet; transaction on payment the thirdclients (slaves) spent account (or debit card) is made via the cyberaccount (or debit card) of client (master) who applied for the account,cyber account applicant client (master) must specify the website(s)permitted to connect at the time of account (or debit card) issuance bythird clients' (slaves) age (if minor). The first disadvantage of theart is that the client must remember all account numbers, and second,transactions via plural accounts are only available on internet. As allthe transaction are not performed in real banking system, the technologystill needs additional transaction process at bank to keep balance andimpossible to be done in real time.

KR2002-0031531, describes on plural number of affiliate organizationserver; and the virtual accounts relay system and methods which includesplural number of bank server managing virtual accounts and the primaryaccount which virtual accounts belong to, the plural number of affiliateorganization server, and relay organization server to manage bankingprocess that opening of accounts and transactions can not be estimatedas virtual accounts are assigned per every transaction, such virtualaccounts are left existing following the termination of transactionwhich makes management difficult with increasing invalid virtualaccounts, and in effect opening of virtual accounts are limited to onlybetween organizations and not available to individuals.

KR 2001-0000616 describes a technique on network account transfer systemusing main transaction account(s) and plural number of sub-accounts aswell as on the method of e-commerce business. Disadvantages involvedhere are that this technique is mainly on creating separate accounts fortransactions at shopping malls, etc., which require both the user andbank to remember all concerned accounts' number to perform thetransaction via sub-accounts, furthermore, user has to bear thecomplexity as the transaction is via plural number of accounts. As allthe transaction are not performed in real banking system, the technologyalso needs additional transaction process at bank to keep balance andimpossible to be done in real time.

DISCLOSURE Technical Solution

The purpose of this invention is to allow a convenient transaction witha bank transaction system for linked accounts via common accounts, tocompose a bank transaction system wherein the existing account holder'sprimary account(s) and/or newly opened other holders' secondary pluralaccounts to link arbitrarily as defined by the account holders,transactions between the said primary and secondary accounts areperformed without using the concerned account numbers.

Another purpose of the present invention is to allow both on-line andoff-line transactions through easy linking of a primary account toexisting accounts as secondary accounts and/or newly issued pluralsecondary accounts by the primary account holder and through integratingnewly issued secondary accounts by linking to a primary account, ordifferentiate to individual transaction account as the primary accountholder requires.

Another purpose of the invention is to allow the holder of primaryaccount to transact the linked secondary accounts in real time whenmaking transaction(s) on the primary account simultaneously.

Another purpose of the invention is that the each account holder ofsecondary account is allowed for independent transactions on her/hisaccount as an ordinary bank account, which is defined to be secondaryaccount by the primary account holder.

The said primary account is subject for inquiry and transaction withcorresponding account number and PIN; and at the same time the holder ofthe said primary account can open linked secondary account(s), whereinone among the secondary account(s) could be appointed as anotherholder's own account. The primary account is with serviceability inopening and making transactions on plural number of secondary accounts.

When the primary account holder is making inquiries and transactions onthe primary account with corresponding account number and PIN(password), the secondary accounts are linked for inquiry andtransaction at the same time, thus not only saved from the trouble ofinquiry and transaction by each linked accounts, it is not required forthe primary account holder to remember all account numbers of the linkedaccount since inquiry and transaction is processed by either accountnumber or name given by the primary account holder.

The secondary account(s) which the primary account holder has appointed,is one of the linked accounts, and the secondary account holder can beselectively restricted in inquiry and transaction on the appointedaccount(s) other than the specified account; the other account holderwhich the primary account holder has appointed can do transaction to thesecondary account(s) of specified link account(s), furthermore, theprimary account holder can select additional services offered such astransaction from another linked secondary account(s) by referring toaccount classification code given to the account by the bank dependingon the transaction bank; the classification and management on the saidprimary account and linked secondary accounts could be achieved by theaccount number and account classification code given by the bank; thuswhile utilizing the existing transaction structure at banks, at the sametime to process linked secondary accounts is possible.

Both the account holders and bank can benefit as use of existing dataformat keeping compatibility in transaction in external transactionnetwork including payment gateway is allowed.

ADVANTAGEOUS EFFECTS

The present invention, when an account holder makes transaction on oneprimary account, transactions are done in real time on both said primaryaccount and linked secondary accounts. Also, the linked secondaryaccount can be offered to other person's account thus having the effectof making each transaction identical to any other bank account.

In addition, a holder's account, as the primary account may processinquiry and transaction on primary account with the correspondingaccount number and PIN, at the same time the primary account holder mayopen linked secondary accounts wherein one of this could be designatedfrom other's account which the primary account defined, thus opening andtransaction of plural number of other accounts through one account ispossible. Furthermore, when the account holder is making inquiry andtransaction on the primary account with corresponding account number andPIN (password), secondary accounts are linked for real time inquiry andtransaction thus not only solve the inconveniences but also when thesaid primary account holder is making inquiry and transaction, asinquiry and transaction are possible either with the account number oflinked accounts or names the primary account holder has given,memorizing all account numbers is not necessary.

The account of the other person which the primary account holderspecifies becomes one of the linked secondary account, thus can belimited in use by the other person on inquiry and transaction to onlyspecified account and not on the primary account and other linkedsecondary accounts, the other person which the primary account appointsmake transaction by the account number of specified and linked secondaryaccount number, however may selectively decided by the primary accountholder on additional service functions such as transactions from otherlinked secondary account with reference to the merchant specific codegiven by the bank depending on the merchants. Classification andmanagement of the said primary account and linked accounts may beachieve by individual account number as well as account classificationcode given by the bank, may still utilize the existing transactionstructure at banks while having a new effect of linked accountapplication. In addition, transaction is processed by existing dataformat to the external transaction network including payment gateway,outstanding work effect is generated as both account holders and bank'sbenefit can be maximized.

DESCRIPTION OF DRAWINGS

FIG. 1: Prior Art—conventional debit card transaction flow

FIG. 2: Prior Art—transaction flow of conventional debit card in use

FIG. 3: Prior Art—transaction sequence of debit card transaction

FIG. 4: Prior Art—transaction sequence of debit card in use

FIG. 5: Prior Art—example of a Bank Transaction System

FIG. 6: Prior Art—transaction sequence via external network connectionhub

FIG. 7: Prior Art—transaction sequence via payment gateway

FIG. 8: Example of account structure for an account holder

FIG. 9: Example of account transaction structure

FIG. 10: Transaction system example

FIG. 11: Bank account number assignment example

FIG. 12: Secondary account definition example

FIG. 13: Example of account classification code

FIGS. 14˜20: Flow of linked secondary account services via ARS messages

FIGS. 21˜27: Flow of linked secondary account services by SMS and/or viainternet FIG. 28: System for linking accounts service

FIG. 29: Flow of transaction via external network connection hub

FIG. 30: Flow of transaction via payment gateway

MODE FOR INVENTION

Described below is detailed description on enclosed drawings.

FIG. 1 is conventional debit card transaction flow, and illustrates thetransaction to the subject of payment by the card/account holder's bankand cards such as credit card, cash card, or debit card etc. Transactioncould be in various types but illustrated in FIG. 1 is the case oftransaction on recharging debit card. FIG. 1 shows the transactionstructure between a card/account holder, holder's bank, a merchant to bepaid, and the merchant's bank, especially, wherein all transactioninformation between bank to bank or bank to the subject to be paid isexchanged via payment gateway.

FIG. 2 illustrates transaction flow of conventional debit card in use.Transaction by card could be done by communication terminal, ATM, mobileterminal and terminals other than mentioned, and details of everytransaction is notified through VAN to payment gateway and finally tothe central bank, the card holder's bank and merchant's bank.

FIG. 3 is transaction sequence of debit card transaction to understandthe conventional transaction structure in FIG. 1. A card/account holdersends transaction information to the merchant (S1), the merchanttransmits it to the payment gateway (S2), payment gateway then transmitthe withdraw order together with transaction information based on thereceived transaction information to the account holder's bank (S3). Thenaccount holder's bank inquires the corresponding account for transactioninformation and transmits the withdraw report based on the inquiry topayment gateway (S4), and this withdraw report is notified to theaccount holder by merchant (S5) (S6). Payment gateway providesmerchant's account information as well as information to update databaseon transaction to the merchant's bank (S6′), and at the same time,orders deposit to the merchant (S7) thus deposit is made either toaccount holder's account or card (S8). At this time, merchant transmitthe card/account holder's order information in database form to themerchant's bank (S8′), thus allowing the merchant's bank to compare andsave the database from payment gateway (S6′) with order informationdatabase (S8′), confirming transaction.

FIG. 4 is the transaction sequence of debit card in use as a prior artexample shown in FIG. 2, illustrating the data flow on using a card,etc., via transaction terminal. First, is the case where a certain valueis charged to card through card/account holder's bank (S10), purchasetakes place using the card (S11) and transaction details are transmittedto the payment gateway by terminal (S12). At this time, payment gateway,referring to the transaction, requests for transaction process atmerchant's bank (S13). Payment gateway notifies fund transaction detailsto the card/account holder's and merchant's bank, respectively (S14),(S15), and requests for settlement of the transaction to the centralbank (S16).

The central bank, upon receiving the request for settlement of thetransaction (S16), in return notifies settlement of the transaction tothe card/account holder's and merchant's bank respectively (S17) (S18),and as a result, from the merchant's bank to the card/account holder'saccount the transaction amount is deposited (S19) is processed at theterminal.

The conventional transaction process described in FIGS. 1 to 4, havebeen exemplified by value chargeable debit card however, transactions inother credit dealings or using accounts if made at individualtransaction terminals, banks, authorized financial business firms, etc.,can state that the transaction process is identical as the transactiondone via payment gateway and the central bank.

Existing transaction processes mentioned above are described with focuson current transaction system, however, can further elaborated inrelation to the structure of existing computer network for transactionas below to clarify on the technical structure.

FIG. 5 represents the existing bank transaction system with focus on thecard/account holder's bank.

In the transaction structures as previously described in FIGS. 1 to 4,to a main computer system (700) in charge of all transaction an accountdatabase (800) is connected, and card/account holder's accountinformation at this account database (800) is stored and managed by themain computer system. The main computer system (700) is normallyconnected to 2 types of network; one is a route connected to the paymentgateway (900) as described in FIGS. 1 to 4, the other is externaltransaction equipments connected by external network connection hub(600). It is not shown in FIG. 5, however, the external networkconnection hub (600) also can be combined with security functions suchas firewalls, as well as added with other functions as necessary. Someof the typical external transaction equipment are; terminal (100)connected via internet server (200) and wire & wireless telephone (300)which creates transaction data by DTMF function; the ARS server (400)which transmits the created transaction data by DTMF function to themain computer system (700) via external network connection hub (600);the ATM terminal (500); and various transaction equipment includingcounter terminals. The payment gateway (900) is connected to computersystems at different banks (1000),(1200) which carries out transactionsbetween banks, and each computer at the banks (1000),(1200) is connectedto the database (1100),(1300) storing each account holder's accountinformation respectively. In FIG. 5, shows only the bank computersystems (1000),(1200) connected to payment gateway (900), however, cardtransaction terminal, etc., via VAN, and other authorized financialbusiness firms' computer network could also be connected.

FIG. 6 describes the flow of current (existing) transaction from banktransaction system via external network connection hub (600). Whentransaction request (S701) is generated from the one of terminal (100)via internet server (200), wire & wireless telephone (300), ARS server(400), and ATM terminal (500), the main computer system (700) whichreceived the request in return sends back the account data request(S702) to the equipment that sent specific transaction request. Theequipment earlier requested for transaction sends accounts data such asaccount number and PIN(S703) to the main computer system (700), and themain computer system (700) with reference to the information receivedretrieves the corresponding account data from account database (800) andconnects (S704) to the main computer system (700). As the additionaltransaction information is received from the equipment that requestedfor transaction, and transaction amount (S705) is deposited to settlethe corresponding account (S708). When referred transaction resultrequires for transaction to other bank such as other bank accounttransfer, main computer system (700) transmits account transferinformation (S706) to payment gateway (900) and acquire authorizationfrom corresponding bank prior to settle the account (S707).

FIG. 7 represents the flow of conventional transaction system in banktransaction via payment gateway (900) in FIG. 5. Upon the transactionrequest (S711) from other banks' computer system (1000),(1200), cardtransaction terminal connected via VAN, or computer network of otherauthorized financial business firms, the main computer system (700)which received the request in return sends account data request (S712)via payment gateway to the computer system or the terminal wherecorresponding transaction request is received from.

The unit requested earlier for transaction sends account data such asaccount number (S713) to the main computer system (700), and the maincomputer system (700) with reference to the information receivedsearches for the corresponding account from account database (800) andconnects (S714). In this case, the computer system of other bank(1000),(1200), card transaction terminal connected via VAN, or computernetwork of other authorized financial business firms, processes thetransaction based on assumption that the card/account holder is verifiedthrough PIN, etc., and does not re-verify, however, may add another PINfor transactions such as withdraw as needed. As additional transactioninformation, such as registered number of the transaction equipment, andtransaction amount (S715) is received from the unit that requested fortransaction, transmit authorization information (S716) by confirming theaccount, and settles the corresponding account (S717). When referredtransaction result requires for transaction to other bank accounttransfer from the card/account holder's bank, main computer system (700)transmits account transfer information (S706) to payment gateway (900),acquire authorization from corresponding bank prior to settle theaccount (S708). In due process, may add program(s) to limit orselectively perform the transaction request via bank computer system,such as corresponding account's balance, limits per transaction, numberof transaction per day, the transaction banks, etc.

In the conventional transaction structures as mentioned above, a bankwith a main computer system (700) must go through payment gateway forexternal transaction, and as any modification or improvement ispractically impossible as it requires for overall changes. Consideringeach individual account holder's trend, today's bank customers, i.e.account holders, mostly have plural number of accounts at more than onebank. Therefore, as current account holders must perform transaction pereach bank, not only have to remember all account numbers and PIN pereach bank, but to accept the limitations due to differences in serviceand work hours even if online transaction between banks is allowed. Inaddition, the plural accounts of a customer could be organized to bemerged into one account, nonetheless, this not only is practicallymeaningless in reality for the customer has to classify the accounts byexpenditure but is also expected to increase inconvenience inmanagement.

It is elaborated in FIG. 8, as an illustration of an example showingconventional structure of bank accounts on the site of the holder. Itrepresents an ordinary account holder of a household, having theholder's account A (801), holder's household member's account B (802),and/or holder's child A's account (803), holder's child B's account(804), etc., wherein each accounts have merchant subject of payment bymeans of either card or cash transaction. In FIG. 8, account holder'saccount has 3 merchants A, B, and C respectively; holder's householdmember's account B has 2 merchants D and E; and/or holder's child A'saccount has merchants F and G; and child B's account has merchants H, I,and J, respectively.

In this type of transaction structure, if the account holder isrepresenting the whole household, i.e. the account holder is in chargeof whole household financially, may frequently have to make transactionsnot only to his/her own merchants A, B, and C, but also to the member'smerchants D, and/or child A's merchant F, and child B's merchant H.

To take a more specific example for easy understanding, those merchantscan be account holder's child A and B's tuition fee for school and otheradditional institute fee, and spouse's credit card bill. Tuition feepaying to schools of account holder's child A's and B's, despite that itis simply bringing the sum to the bank or school by children, it is verywell known than quite a number of accidents occur in due process. Thesealso can be paid through GIRO and bill paying counters at bank, however,it cause much trouble as the transaction structure between banks becomeso complicated thus requiring a long time until payment is actuallydeposited into the school's account, and furthermore, decentralizedmanaging system requires quite long time until the transaction report,as known.

To describe the detailed system of the present invention, transactionconstruction of account holder's child B's account D (804) has beentaken out among the structure in FIG. 8. In FIG. 9, merchants I and Jrepresent child B's own merchants directly paid from child B's account D(804) while merchant H is although charged to child B but is actuallypaid from the account holder's account A (801) such as tuition fee orfee for other institutions, as describe above. In FIGS. 8 and 9, pluralnumber of merchants to be paid from existing account holder's account A(801) will exist, and most of them having specific payment deadlines,the account holder will have difficulties in managing money right intime.

Construction by the invention as a solution is illustrated in FIG. 10.Structure in FIG. 10 is subject to the existing transaction structure inFIG. 9 described previously. First, account holder's account is theaccount already open or newly open account which referred to as primaryaccount (1500) in the invention. The account in primary account holder'schild B's name is the linked secondary account A (1600). In addition,linked secondary account B (1700) and linked secondary account C (1800)are newly created and opened. When the primary account holder is makingtransaction from the primary account (1500), the construction previouslydescribed in FIG. 5 is used in transaction same as any other ordinarybank accounts by online or offline, using bankbook or card at terminal(100) connected via internet server (200), wire & wireless telephone(300) via ARS server (400), and the ATM terminal (500). The coreconstruction of the invention is, when the primary account holder makestransaction on primary account (1500), transaction made at linkedsecondary account A (1600), linked secondary account B (1700), andlinked secondary account C (1800) should be processed in real time.Furthermore, primary account holder's child B is offered by his/herlinked account A (1600), however, connections also should be made forindividual transaction to linked account B (1700) or linked account C(1800) depending on the merchants concerned.

In order to carry out these functions, classification of accounts mustbe preceded and the example of assigning bank account numbers isillustrated in FIG. 11. An universal account number is composed of aidentification number called bank (branch) code, the number to representthe type of bank account (for example, savings account, checkingaccount, deposit account, etc.), the serial number of the account, anderror checking code such as CRC code in order to check for any computererror of the complete account number. Conventional account numberassignment does not limit the digit numbers nor positioning of theassigned digits of each account, furthermore, may increase the numberdigits if necessary. A description in the invention on classifying theaccounts to process transaction, assigning of numbers that are not usedin other account for classifying the account type is preferable as inFIG. 11. In the FIG. 11, ‘77’ is assigned as an example. The primaryaccount number previously described may be assigned in various way,however, it is preferable to assign a number with ‘0’ as the last digit.Primary account holder's child B's account number described previouslyis assigned by fixed rules. In the example in FIG. 11, it shows that ‘1’has been assigned as the last digit in account serial number. Therefore,a primary account number with the last digit as ‘0’ will have linkedaccount with identical account number except the last digit being ‘1’.In the example in FIG. 11, total 99 accounts exists aside from oneprimary account, which all could be assigned as linked secondaryaccounts and linked to the primary account. However, only the account ofprimary account holder's child B's account with last digit number ‘1’will be used as an ordinary transaction account for deposit, withdrawand credit cards; all other linked accounts can be limited as merchantspecified accounts wherein the merchant is predetermined. These merchantspecified accounts and a primary account, and primary account holder'schild B's account can have account classification codes for each accountin addition to the account number (bankbook number) by the bank systemfor management and control. FIG. 11 shows an example of individualaccounts with account classification codes in addition to their accountnumber, wherein account classification code is ‘00’ for primary accountnumber and account classification code ‘01’ for linked secondary accountA. The account classification code also can be extended more in digitsto specify merchants or transaction management number by the bank.

FIG. 12 illustrates a sketch of individual account name. According tothe description on the said bank account number assignment, if theprimary account holder of the account serial number with the last digitas ‘0’ is James', the account of Jason who is a child of James becomes alinked secondary account with account serial number with the last digit‘1’.

James who is the holder of primary account may make transactions to alllinked secondary accounts including Jason's account by the structure tobe described later, wherein each linked secondary accounts can be named,Jason's account as Jason's allowance and rest of the linked accounts canbe named as described in FIG. 11, be named as Jason's tuition fee,Jason's institution fee, etc., respectively. As described in FIG. 11, alarge number of accounts also can be named as such through off-linesubscription at the bank counter. Furthermore, there are methods to usetransactions services via internet and wireless internet, ARS or mobilecommunication and details on these will be described later.

FIG. 13 illustrates an example of classifying the account classificationcode at the bank where the said accounts are opened. Since the accountwith account classification code ‘00’ is the primary account, it is theprimary account of account group including secondary accounts asdescribed in FIG. 11 and FIG. 12. The primary account as described inFIGS. 10 to 12, may process inquiry and transaction in real time on theprimary account and all linked secondary accounts, not only usedindependently by each account's number, but also do inquiry andtransaction by the name the primary account holder has assigned. Theaccount having account classification code ‘01’ is one of the linkedsecondary accounts and may be used as another account holder'sindependent account. Rest of the linked secondary accounts are merchantspecified accounts defined by the primary account holder, i.e. only thespecified merchant is allowed to connect.

In the example in FIG. 13, ‘99’ represents school, ‘98’ the authorizedinstitute, ‘97’ is for mobile communication bill, and ‘96’transportation fee, wherein these merchant specified accounts will onlypay to each of the predetermined merchant. In other words, the personwho has been assigned to account with account classification code ‘01’(who is primary account holder's child B in the previous description)could only do inquiry or transaction on those with accountclassification code ‘01’. When the predetermined merchants such asschools, institutes, mobile communication, transportation card, etc.,requests for other primary account holder's card transaction, etc., theprimary account holder's bank will compare it with the accountclassification code for transaction from the corresponding account.

The account numbers in the examples until now are in decimal number, andthe primary account and linked secondary accounts are differentiated byone last digit to help understanding however, each of the primaryaccount number can have the number intervals of 100 or up to 1000 numbersteps, assigning 10 to 100 number steps to the respective linkedsecondary account groups, wherein each linked accounts are assigned lastone digit between 1˜9 in the 10 digits and expand to 01˜99 in the 100digit as necessary; could also serve same purpose by assigning thedigits in front or middle of the complete account number at convenienceand security. Based on the account holder's bank computer system, therequired digits of account number can be converted into binary numbers,i.e. in binary number if a section of the account number ‘0000’ inbinary number as the primary account and ‘0001’ in binary number as thesecondary account as the primary account holder appoints, and rest asthe linked secondary account numbers. Thus, if account numberclassification is described by any of number system, on the totalaccount number of L digit in a number system N, from M-digit which issmaller than L digit a portion is taken, and one of them is assigned tothe primary account, another one to the account which the primaryaccount holder appoints; and among the account number groups expressedin M digits of a number system N which is smaller than digit numbers ofL, could be assigned as linked secondary accounts except alreadymentioned two of primary and appointed accounts accomplishing theaccount allocation of the present invention.

According to these account numbering rules, to a primary account, theholder of the primary account can appoint other holder's account numberin plural and assign numbers per each to possess linked secondaryaccounts respectively.

Previously described constructional characteristics on the said accountscould be summarized as follow:

Firstly, the account, as the primary account, may process inquiry andtransaction with it's account number and PIN.

Secondly, the primary account holder can open linked secondary accounts,wherein one of those may be the account of another holder which theprimary account holder appoints.

Thirdly, when the primary account holder is processing the primaryaccount with it's account number and PIN (password), the secondaryaccounts are also linked to process inquiry and transaction real time.

Fourthly, when the said primary account holder is processing inquiry andtransaction on the linked secondary accounts, it could be done on eachof the account with the account number of linked secondary accounts orwith the account names defined by the primary account holder.

Fifthly, the other account holder's account the primary account holderappoints, is one of the linked secondary accounts, and the other holderabove can be limited on processing inquiry and transaction only to thesaid appointed account and not to the primary account and other linkedsecondary accounts.

Sixthly, the other account the primary account holder appoints canprocess transaction by the account number of the appointed linkedaccount, however, the bank can process transaction from another linkedsecondary account depending on the merchant with reference to themerchant classification code.

Seventhly, the classification and management on the primary account andlinked secondary accounts is achieved by the individual account numberand account classification code given by the bank.

Therefore, holder's bank must be able to offer data service such as thefollowing in order to offer the services in the invention previouslydescribed in FIGS. 10 to 13 in addition to the existing accountmanagement data.

First, the banking system have to assign separate identification code(bank account type, etc.) to the primary account (1500) and linkedsecondary accounts (1600), (1700), (1800) for the service in theinvention;

second, possess measures to save and manage the names of linkedsecondary accounts assigned by the primary account holder together withthe primary account number;third, as a measure to save and manage the above names of linkedaccounts assigned by the primary account holder together with theaccount number, must save and manage by assigning the determined accountclassification code to linked secondary accounts' name;fourth, connecting function to process transaction from thecorresponding account by comparing information on the said merchantswith the account classification code when the predetermined merchantsrequest payment on other account holder's card, etc., wherein the otheraccount holder has been assigned account with account classificationcode ‘01’.

As for the data to process primary and linked secondary accounts, theprimary account holder may have to submit needed information throughapplying at the primary account holder's bank counter by filling up theforms for the primary account and linked secondary accounts, and thedesired names for each respective linked secondary accounts however, themore preferable way would be processing inquiry and transaction bypossessing the accounts of invention through communication equipment ordata terminals.

FIG. 14 illustrates the flow of message for the linked account servicevia ARS. The primary account holder verified by account number and PIN,selects the services for linked accounts with key buttons of atelephone, which will be connected to corresponding service routine asARS server decodes. Each routing, to be described later, uponcompletion, returning to each service code is possible by the primaryaccount holder's selection to the inquiries. ARS service in FIG. 14 isachieved by the ARS server (400) connected to the wire & wirelesstelephone in FIG. 5, an identically structured service may be achievedby SMS via mobile communication and wireless internet, as well as viaterminal (200) connected to internet server (200) in FIG. 5, aconstruction with equal function.

FIG. 21 illustrates an example of providing the same service content viashort message service or internet. The service in FIG. 21 is very muchalike in providing linked account services of the invention except thatthe primary account holder personally has to move curser, etc., to makeselections in the displayed screen and the messages are in text form.

FIG. 15 is the ARS routing for applying and acquiring new linkedaccounts via ARS to a pre-opened primary account, wherein another linkedaccount's holder appointed by the primary account holder is more thanone and under presumption that information on above future accountholder such as name and linked account name have been provided at thebank. FIG. 22 illustrates the flow of identical service exemplified bySMS via mobile communication or wireless internet service or viaterminal (100) connected to internet server (200) of FIG. 5.

FIG. 16 shows service message to designate as linked accounts when boththe primary account and the accounts to be designated as linkedsecondary accounts have already been opened; FIG. 23 exemplifies theservice through SMS via mobile communication or wireless internetservice, or via terminal (100) connected to internet server (200) ofFIG. 5.

FIGS. 17 and 24 illustrate service message flow on guiding pre-openedprimary account and linked secondary accounts in ARS as well as SMS andwireless internet.

FIGS. 18 and 25 illustrate balance summary inquiry service message flowon pre-opened linked secondary accounts.

FIGS. 19 and 20 illustrate message service to deposit and withdrawwithin the primary account and selected linked secondary accounts byARS; FIGS. 26 and 27 show the same message service by SMS via mobilecommunication or wireless internet service or via terminal (100)connected to internet server (200) of FIG. 5. Examples of this service,as described previously, ARS service is done by wire or mobile telephone(300) and the ARS server (400) connected to; identically structuredservice also may be done by SMS via mobile communication or wirelessinternet service or via terminal (100) connected to internet server(200) of FIG. 5.

The structure of the computer system in the present invention to offerlink service within primary account and linked secondary accounts isillustrated in FIG. 28.

To the main computer system (700) in charge of all transaction at theaccount holder's bank, an account database (800) is connected, and atthis account database (800) the account holder's account information issaved and managed by the main computer system (700). The main computersystem (700), in general, is connected to two types of network; one isthe route connected to the payment gateway (900) as previouslydescribed; and the other is to external transaction equipment connectedto the external network connection hub (600). Security measures such asfirewalls could be combined to the external network connection hub(600), and supplementary functions can be added as needed. One of thewell known external transaction equipments is the ARS server (400) whichtransmits transaction data created by DTMF measure, etc., at theterminal (100) connected via internet server (200), at wire & wirelesstelephone (300), to main computer system (700) via external networkconnection hub (600), and the ATM terminal (500), and in addition tomentioned equipments various other transaction equipments includingcounter terminals are used. KTFC payment gateway (900) is connected toother bank's computer system (1000),(1200) processing inter-banktransaction, and each holder's account information is driven to database(1100),(1300) at their respective bank (1000),(1200). FIG. 28illustrates as only the bank computer systems (1000),(1200) connected tothe payment gateway (900), however, as previously described not only thecard transaction terminal, etc., could be connected via VAN, but otherauthorized merchant's computer network could also be connected.

In the invention, for the linked account service to these basicconstruction, together with the account database (800) connected to themain computer system (700) a linked account translator (1400) isdisclosed, and transactions at accounts are processed by main computersystem (700) via above linked account translator (1400).

To the linked account translator (1400) above, primary account (500),linked account A (1600), linked account B (1700), linked account C(1800), etc., are connected to process transaction according to maincomputer system (700)'s requests.

Above linked account translator (1400), at the account holder'stransaction request provided via external network connection hub (600),classifies and assigns a separate code (bank account type, etc.) to theprimary account (1500) as well as to linked secondary accounts (1600),(1700), (1800); save and manage names of linked secondary accountsspecified by the primary account holder together with the accountnumber; assign predetermined account classification code linkedaccounts' names, and save and manage; when predetermined merchantsrequest transaction on other account holder's card wherein the accountis with merchant specific account, possess connecting function fortransaction on the respective account by comparing information on abovemerchant with account classification code.

Such linked account translator (1400) function could be a separatelyconstructed computer system aside from the main computer system (700),and when linked accounts' data volume is minimal may as well feature thefunction of linked secondary account translator (1400) as software.Furthermore, the linked secondary accounts (1600), (1700), (1800) inFIG. 28, may be regard as a type of account wherein only the accountnumber differing from the account database (800) at main computer system(700), the case has not been illustrated in the Figure, can manage theaccount database (800) with the primary account (1500), linked secondaryaccount A (1600), linked secondary account B (1700), and linkedsecondary account C (1800).

Furthermore, a common account (1900) is connected to the main computersystem (700), wherein the common account (1900) acting as a temporaryaccount accessed to save while processing, meaning the account createdby the main computer system (700) for transaction via above externalnetwork connection hub (600), account transaction of account database(800), linked account translator (1400) and linked accounts (1600),(1700), (1800), and/or inter-account transaction (or transaction withinaccounts) via payment gateway (900).

In this common account, main computer system (700) may save thetransaction details in batch process, transaction details transferred bythe main computer system (700) from the saved common account (1900) toanother merchant account respectively, and the actual structure can haveconstruction identical to that of any other bank accounts.

FIG. 29 illustrates, as represented by FIG. 18 on the construction ofthe invention previously described, the data flow on creation oftransaction data by DTMF measures, etc., at the terminal (100) connectedvia internet server (200) and wire & wireless telephone (300), and ontransmission of transaction data from ARS server (400), ATM terminal(500), and counter terminals, etc., to main computer system (700) viaexternal network connection hub (600).

When a transaction request (S701) is created from the terminal (100)connected via internet server (200), wire & wireless telephone (300) viaARS server (400), the ATM terminal (500), etc., the main computer system(700) which received the request in return sends account data request(S702) to the equipment which the respective transaction request iscreated and transferred. From the equipment which requested fortransaction, account data such as account number and PIN(S703) is sentto the main computer system (700).

Then, main computer system decides if the account is a linked account bythe previously described account number classification, then notifies(S1401) to linked account translator (1400). The linked accounttranslator (1400) connects (S1402), (S1403), (S1404), (S1405)corresponding primary account as well as linked accounts to the maincomputer system (700) respectively at the request of main computersystem (700)'s request; with reference to it, the main computer system(700) selects linked account based on the data from the external networkconnection hub (600), upon receiving selected transaction (S1407),transaction information, as well as transaction amount (S705) from themain computer system (700), make settlements (S708) in the commonaccount with the information on transaction summary as well astransaction amount (S705) with reference to above transaction detail.

The main computer system (700) make settlements (S1408) on the primaryaccount as well as linked account(s) by information on transactionsummary and amount from the common account (1900), then the transactions(S1409)˜(S1412) for each account actually takes place. If the result oftransaction information happens to require transaction to bank otherthan the account opened bank such as the transfer to the account at bankother than account opened bank, the main computer system (700) transmitsaccount transfer information (S706) to payment gateway (900) forapproval of the respective bank, be authorized, then make settlements(S708) in the common account together with the transaction informationand amount, etc., with reference to the said transaction details. Then,the main computer system (700) make settlements (S1408) on primaryaccount as well as the linked account based on information on thetransaction statement and amount from the common account (1900), andtransaction (S1409)˜(S1412) for each account actually takes place.

FIG. 30, as represented by FIG. 18 on the construction of the inventionpreviously described, illustrates the flow of transaction via paymentgateway (900). When a transaction request (S711) is created by otherbank's computer system (1000), (1200), card transaction terminalconnected via VAN, and by the other authorized financial tradeinstitute, the main computer system (700) send account data request(S712) via payment gateway (900) to the computer system or terminalwhich created the respective transaction request. The equipment thatrequested transaction sends account data such as account number (S713)via payment gateway (900) to the main computer system (700), and themain computer system (700) in return by recognizing the account as alinked account by previously described account number classification,transmits (S1420) account number to the linked secondary accounttranslator (1400). The linked account translator (1400) connects(S1421), (S1422), (S1423), (S1424) corresponding the primary account aswell as linked accounts to the main computer system (700) respectivelyat the request of main computer system (700).

At the request of the main computer system (700), the linked accounttranslator (1400) connects (S1421), (S1422), (S1423), (S1424) thecorresponding primary account as well as linked account to the maincomputer system. In such case, it is presumed that the account holderhas been verified by PIN, etc., at the other bank computer system(1000), (1200), card transaction terminal connected via VAN, and atcomputer system of the other authorized financial trade institute, doesnot check for PIN, etc., however, may give additional PIN in case oftransactions like withdraw.

From the equipment, then, which requested transaction via paymentgateway (900) receives additive transaction information, i.e.transaction equipment's ID number as well as transaction amount (S715),the main computer system (700) transmits (S1425) it to the linkedaccount translator (1400). At this time, the linked account translator(1400) decides by the transaction information from the linked accounttranslator (1400) if the corresponding merchant is a pre-authorizedorganization, i.e. transaction information is identical to therespective merchant specified account.

To elaborate this with a specific example, the existing transactioninformation transmitted via payment gateway (900) includes transactionterminal ID number, or the identification code of the merchant wheretransaction terminal is installed, and therefore in which case themerchant is specified as the merchant in the invention, i.e. is amongthe linked accounts of account holder's account if it is the merchantspecified for transaction, transaction could be made from the designatedmerchant specified account among the primary account holder's linkedsecondary accounts. If the primary account holder designated one of thelinked accounts to one specific school, transaction could be madeaccordingly by the transaction terminal number and code and school'sidentification code from the transaction information transmitted viapayment gateway (900). In such case, the linked account translator(1400) transmits yes or no on authorization to the main computer system(700), and the main computer system (700) in return transmitsauthorization information (S716) to the payment gateway (900), makesettlement (S717) in the common account together with the information onthe transaction statement and amount, etc., by referring to thetransaction details.

The main computer system (700) then make settlements (S1427) in theprimary account as well as linked account according to the informationon the transaction information and amount, etc., from the common account(1900), followed by the actual transaction (S1428)˜(S1431) on eachcorresponding accounts. During the process, not only based on thebalance in account but by adding incidental information such astransaction limit at one time, number of transaction per day, selectingmerchants, etc., may allow the transaction bank computer system requeststo be processed selectively or limitedly. Likely, this invention'sconstruction, has the advantage to perform the linked account service inthis invention without modifying function of the conventional maincomputer system (700) substantially.

In this invention, describes on linked accounts linked to one primaryaccount, however, according to previously described assignment rules onaccount number, to one primary account, the primary account holder mayappoint the other account holder's account number in plural and managethe linked accounts in group by assigning numbers to each of otheraccount holder's account number to possess linked accounts respectively.This invention described until now, can be realized in various aspectsby those with common knowledge in the field of the present invention asneeded within the range of the present invention.

1. The bank transaction system linking accounts for transactioncomprising, main computer system in charge of transaction on accountholder's account; account database which save and manage by the saidmain computer system connected to the main computer system; paymentgateway managing transaction in between main computer system and withinthe externals connected by above main computer system; connection hubequipped with external network which control transaction informationbetween external transaction equipments and the main computer system(700) linked to above main computer system; linked account translatorconnected to the main computer system above saving and managing primaryaccount and linked secondary account information, and also connected toabove main computer system having the common account created by the maincomputer system as an account for intermediate process on transactionsbetween the said accounts.
 2. The system according to claim 1, whereinthe external transaction equipment is connected to the above externalnetwork connection hub comprising the least one of, DTMF measures atterminal connected via internet server or wire & wireless telephone tocreate transaction data; ARS server transmitting the said transactiondata to the main computer system via external network connection hub;ATM terminal as well as a counter terminal.
 3. The system according toclaim 1, wherein, the said common account is an account created by themain computer system for intermediate account on transactions via thesaid external network connection hub, account transaction on accountdatabase, inter-account transactions between the said account translatorand linked accounts and/or via payment gateway, may save all transactiondetails of main computer system, and from the common account whichtransaction details are all saved allow transfer to outer merchantaccounts respectively.
 4. The system according to claim 1, wherein adatabase to save account information on the primary account and one ormore linked secondary accounts is connected to the said linked accounttranslator, and the said common account is accessed to the main computersystem.
 5. The system according to claim 1, wherein the said linkedaccount translator manages account information on the said primaryaccount and least one of linked secondary accounts; common account savesthe details of transactions at main computer system; the said maincomputer system manages transactions to merchant accounts referring tothe transaction details in the said common account.
 6. The systemaccording to claim 1, wherein the said linked account translator and/orcommon account is comprised in the said main computer system; and/or asa computer system separated from the main computer system
 7. The systemaccording to claim 6, wherein the account information on primary accountand one or more linked secondary accounts managed by the above linkedaccount translator are saved and managed at the existing accountdatabase, for the case of the said linked account translator and/orcommon account is equipped inside of the said main computer system 8.The system according to claim 1, wherein the accounts of the primaryaccount and one or more linked secondary account managed by above linkedaccount translator, for the complete account numbers expressed in Ldigit by N-number system, allocate a section of M digits in the L digitaccount number wherein M is smaller number than L, allocate one of thesaid numbered accounts to the primary account, and allocate least one ofthe rest numbered accounts to account of another person which theprimary account holder appoints; among the account number groupsexpressed in M digits smaller than L, allocate rest of the accountnumbers as number for the linked secondary accounts, excluding the saidtwo accounts, those are the said primary account and the said anotherperson's account appointed by the said primary account holder.
 9. Thesystem according to claim 1, wherein the said primary account and one ormore of the said linked secondary accounts are managed by the saidlinked account translator by the individual account numbers with theaccount classification codes issued by the bank
 10. The system accordingto claim 1, wherein the primary account and one or more linked secondaryaccounts are managed by the said linked account translator, and the saidprimary account is processed to transact approved by account number andPIN (password), one or more linked secondary accounts are allocated asother person's account according to the designation by the primaryaccount holder.
 11. The system according to claim 1, wherein for theprimary account and one or more linked secondary accounts managed by thesaid linked account translator, when the primary account holderprocesses inquiry and transaction on the said primary account by accountnumber and PIN (password), the linked secondary accounts are linkedtogether and simultaneously for inquiry and transaction in real time.12. The system according to claim 1, wherein for the said primaryaccount and one or more linked secondary accounts managed by abovelinked account translator, when the primary account holder processesinquiry and transaction on the primary account by account number and PIN(password), it is enabled for the primary account holder to process eachindividual linked secondary accounts with each respective account numberand/or the name titled by the primary account holder.
 13. The systemaccording to claim 1, wherein for the primary account and one or morelinked secondary accounts managed by the said linked account translator,when the primary account holder processes inquiry and transaction on theprimary account by account number and PIN (password), rest of the linkedaccounts are linked together and simultaneously in real time.
 14. Thesystem according to claim 1, wherein one of the holder's account managedby the said linked account translator is the other person's account, andthe respective the other person's account can be selectively limited toinquiry and transaction only on the said person's account and not on theprimary account nor other linked secondary accounts.